On Sun, 09 May 2010 22:54:35 -0400, wrote:

On Sun, 09 May 2010 19:33:59 -0400, bpuharic wrote:

one can only imagine what leads right wingers to compare cabbage patch
dolls to collateralized debt obligations worth 62 trillion dollars


They were both worthless bits of **** that people thought would be
worth a lot some day. The analogy is valid.

except cabbage patch dolls weren't traded by investment houses and
didn't lead to the collapse of the US economy

On Sun, 09 May 2010 23:01:16 -0400, wrote:

On Sun, 09 May 2010 21:03:39 -0400, hk
wrote:

I have no need to pinch pennies.


Explain that to BP
You must be a right wing, middle class hating, wall street loving
limbaugh listening, tea bagger in disguise ;-)

BTW Did you get a raise in the last 10 years?

the right wing is in denial, believing that the rich will always take
care of the middle class.

but they're full of bull****

http://www.census.gov/prod/2009pubs/p60-236.pdf

see figure 1 on page 7.

of course, you're gonna try to bull**** your way out of the
facts...but appealing to st. rush limbaugh isn't gonna help you here,
sport

the middle class hasn't had a raise in 10 years.

suck it up, right wing fanatic

"Canuck57" wrote in message
...
On 09/05/2010 3:26 PM, nom=de=plume wrote:
wrote in message
news
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.


Yes, thus the money is certainly real for those exercising trades. It
also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.

Not at all. If it were not for those low ball limit orders, the market
might have hit 0. Limit order protect variances, trouble as at the point
of Thursdays almost 1000 point drop there were very few buyers. Nobody
wanted US worthless **** for 10 minutes.

No big. Some of the biggest losers I would never buy. If you can't take
this volitility, then get out.

The real stock price is 100% valued at any one point in time to exactly
what someone will _pay_ to buy the lot sold. Not one cent less or more.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.


Basically, you know nothing about economics or how the stock market works.
Stupidity confirmed!

wrote in message
news
On Sun, 9 May 2010 14:26:49 -0700, "nom=de=plume"
wrote:

wrote in message
news
On Sun, 9 May 2010 10:05:08 -0700, "nom=de=plume"
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.


Yes, thus the money is certainly real for those exercising trades. It also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.



... but the money is only real when you sell the stock and if too many
people try to sell the stock the price drops so the true "value" is a
nebulous thing to define.

As I said, that's not the whole story. As a stock drops, other companies and
individuals with deep pockets have a better opportunity to take over a
company. There's also the confidence factor, which is certainly a real
factor with big financial compaies.

My brokerage report calls the position "unrealized gains" so we won't
get too giddy about our good fortune.

Right, well, as I said.

As BP found out, all of those gains in his 401k in 2006 were just love
letters in the sand.
When a significant number of boomers start drawing off their 401ks he
won't have much there at all. That is the huge joke on the early 50
somethings and younger about this 401k deal.
Much like Social Security, it may be gone by the time they get their
shot at it.

Unlikely unless they're not investing properly. Diversification actually
works.

After watching how things went this week, I am thinking about just
cashing out my 401k and buying silver coins or something.
I bought a bag of silver dimes in the late 90s for 6x face, they are
going more like 13x face now.

I wouldn't suggest it. It's not liquid. If you're really concerned, put your
money in Treasuries.

BP wishes his 401k was doing as well and if the dollar crashes, silver
will be worth more. I am just sorry I didn't buy a wheel barrow full.
I have ~10,000 rounds of ammo that has appreciated quite a bit more
than that in the same time frame. My machine gun is 10x what I paid
for it. I may cash that one in this year.
Paper is not the only way to hold money.

Umm... there's really no such thing as paper any more. It's all digital.

On 5/9/10 11:01 PM, wrote:
On Sun, 09 May 2010 21:03:39 -0400,
wrote:

I have no need to pinch pennies.


Explain that to BP
You must be a right wing, middle class hating, wall street loving
limbaugh listening, tea bagger in disguise ;-)

BTW Did you get a raise in the last 10 years?


I'm self-employed, so the rules of "raise" don't apply. I know what BP
means, though, and he's correct. Middle class families have fallen
behind generally on increases in income. That's been demonstrated
statistically any number of ways.

--
The Tea Party's teabaggers are just the Republican base by another name.

On 5/9/10 11:55 PM, wrote:
On Sun, 09 May 2010 22:34:29 -0400,
wrote:

Machine gun? That's what I need to hold off the LoogyZombies...what
kind...and should I start the paperwork for a transfer?

10/22 Norrell conversion, virtually new in box. Maybe 300-400 rounds
fired through it. Ram loader and several hi-cap magazines of various
types.
I would really like $10k but the last time I looked they were more
like $9000-9500 on subgun.
Have your dealer call me ;-)


Uh...I was hoping for bigger and better... :)

--
The Tea Party's teabaggers are just the Republican base by another name.

On Sun, 09 May 2010 23:59:39 -0400, wrote:

On Sun, 09 May 2010 22:58:01 -0400, bpuharic wrote:

On Sun, 09 May 2010 22:42:09 -0400, wrote:

All of the FDR programs left
us still in a depression with no real light at the end of the tunnel.
Our problem then was unused industrial capacity.
The war filled that void.

gee. just like obama's deficit spending

Didn't you just tell us the market was crashing again?

for a day. shows the wonderful rationality of markets, doesn't it?


Today we have shipped most of our industrial capacity to Mexico and
China. We have a crisis of not really doing anything here.

and wall street...uh, how did the TRILLIONS of dollars that wall
street paid itself in bonuses

uh...how did that benefit jobs since there have been NO net jobs
created in the last 10 years?


I am confused. Are you arguing with yourself here? You seem to be
doing a better job than me so I will just sit back and watch you
fight.

as a right winger, i know what you're sitting back doing. i hope you
don't type with that hand

On Mon, 10 May 2010 00:37:13 -0400, wrote:



you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it

no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation


The only reference I have made to massive inflation is when we can no
longer get our debt serviced. That might not be that far off.

you right wingers. you hate obama. why?

well...'might...could...perhaps...' you get hysterical about events
that havent happened while ignoring what bush actually DID to the
economy.

the only logical conclusion is that you hate obama because of his race

"bpuharic" wrote in message
...
On Mon, 10 May 2010 00:37:13 -0400, wrote:



you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it

no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation


The only reference I have made to massive inflation is when we can no
longer get our debt serviced. That might not be that far off.

you right wingers. you hate obama. why?

well...'might...could...perhaps...' you get hysterical about events
that havent happened while ignoring what bush actually DID to the
economy.

the only logical conclusion is that you hate obama because of his race


Why do say people hate the POTUS just because they disagree with his
physical policy? Then you throw in the nonsense that it's all because he is
black.

You need some help and not just a raise in pay.

"D.Duck" wrote in message
...

"bpuharic" wrote in message
...
On Mon, 10 May 2010 00:37:13 -0400, wrote:



you're stupid enough to think it's 2500%



When did I say that?

You said zero and I called you on it

no, you said massive inflation

i'm waitin for you to post your proof that the US is undergoing
massive inflation

2.5% is about normal inflation over the last 30 years or so for the
economy. obama is NOT causign massive inflation


The only reference I have made to massive inflation is when we can no
longer get our debt serviced. That might not be that far off.

you right wingers. you hate obama. why?

well...'might...could...perhaps...' you get hysterical about events
that havent happened while ignoring what bush actually DID to the
economy.

the only logical conclusion is that you hate obama because of his race


Why do say people hate the POTUS just because they disagree with his
physical policy? Then you throw in the nonsense that it's all because he
is black.

You need some help and not just a raise in pay.

Oooops...physical = fiscal